Ripple Unveils Institutional Roadmap to Enhance XRP Ledger Features
Ripple is enhancing the XRP Ledger to attract institutional usage with new features. Key updates include:
- Compliance functions and an expanded lending system for regulatory adherence
- Flexible tokens, which can represent various assets like bonds or collectibles
- A new lending tool enabling direct borrow-lend activities without banks
- Permission settings allowing companies to control access to features for privacy and security
- An upcoming EVM sidechain set for mainnet launch in Q2 2025, aimed at integrating developers from the EVM ecosystem
XRP prices have increased by 2.2% over the past 24 hours, contrasting with a 1.1% decline in bitcoin.
Current features on the network include clawback functionality for reclaiming tokens linked to illicit activities and decentralized identity applications.
The EVM integration will support non-XRPL protocols, with XRP being the primary token for transactions on this network.